Luno has launched ethereum staking in South Africa, a way for its customers to earn ether tokens passively.
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Cryptocurrency ether leapt more than 5% in early Asia trade on Friday as traders breathed a sigh of relief that a software upgrade this week ran relatively smoothly.
The software that underpins the second biggest crypto coin, ether, was upgraded successfully.
Bitcoin breached the key $30 000 level for the first time in 10 months on Tuesday.
The ethereum blockchain’s next big software upgrade is poised to happen on Wednesday.
Bitcoin closed out its best week in four years as turmoil in traditional banking drove some investors to turn to digital assets.
Efforts to shore up the banking sector and bets that the US may start cutting interest rates later this year have bolstered investor sentiment.
Solana, a poster coin of the crypto future, is in trouble following the collapse of cryptocurrency exchange FTX.
More companies are making use of the energy and data centre space freed up after the upgrade of the ethereum network.
Software for the ethereum blockchain has been overhauled, drastically reducing its energy usage, its inventor and co-founder tweeted on Thursday.